Moa to be distribution partner for Lewis Road Creamery's Chocolate Cream Liqueur, affirms guidance
By Jonathan Underhill Feb. 9 (BusinessDesk) - Moa Group, the unprofitable Marlborough-based brewer, is to partner with Lewis Road Creamery as the dairy products marketer enters the liquor market with its Chocolate Cream Liqueur. The sales and distribution agreement is the s...
Suncorp's NZ insurance business posts 57% drop in first-half profit on quake costs
By Jonathan Underhill Feb. 9 (BusinessDesk) - Suncorp Group's New Zealand insurance units posted a 57 percent decline in first-half profit, mainly reflecting the Kaikoura earthquake and additional 'over-cap' claims from the 2010/11 Canterbury earthquakes. Suncorp New Zealan...
NZ dollar, swap rates fall as RBNZ statement prompts traders to drop bets on early hike
By Jonathan Underhill Feb. 9 (BusinessDesk) - The kiwi dollar shed about half a US cent and swap rates fell after the Reserve Bank added a modest increase to its forecast track for interest rates, prompting traders to drop bets for a rate hike as soon as this year. The kiwi...
NZ dollar little changed before RBNZ statement that may nudge up track for interest rates
By Jonathan Underhill Feb. 9 (BusinessDesk) - The New Zealand dollar was little changed, holding just above 73 US cents, ahead of a Reserve Bank statement that may project a higher track for interest rates than the steady-as-she-goes projection it gave three months ago. Th...
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